Market Size of Middle-East and Africa Animal-based Meat and Dairy Products Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 3.48 % |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
MEA Animal-based Meat & Dairy Products Market Analysis
The Middle-East and Africa animal-based meat and dairy products market was valued at USD 58,666.68 million in 2020, and it is projected to register a CAGR of 3.48% in the forecast period, 2021-2026.
Amid the COVID-19 pandemic, processed meat sales are expected to be driven by frozen variants across the region due to the associated convenience in handling, storing, and preparing. According to the SADAFCO, since March 2020, the novel Coronavirus and its associated restrictions have had a mixed effect on businesses. Though there is a significant rise in the demand for dairy products, ice cream is not considered an essential commodity. In Saudi Arabia, the trade with Australia has been strained after a small coronavirus cluster emerged at a meat factory in the Australian state of Victoria, which was eventually due to cruise ship infections.
Over the medium term, the market is expected to be driven by the rising health consciousness among the consumers who actively seek protein-rich food products. Moreover, factors, such as increasing government-run health and wellness campaigns designed to combat obesity and related problems (diabetes, high blood pressure, heart disease, and high cholesterol) encourage consumers to purchase healthier products, which is directly fueling the dairy market.
The demand for meat has been continuously fulfilled through imports over the years. Thus, the regular imports from partner countries (which have been ensuring the quality standards) are anticipated to drive the market in the near future. Saudi Arabia and the United Arab Emirates are the two largest importers of whole milk powder, butter, and cheese. The major initiatives taken by the government to stimulate imports include a reduction in tariffs, import subsidies, and (subsidized) state trading and distribution.
